Greek Foundation for Economic and Industrial Research (IOBE) said that the economic sentiment is improved for a second consecutive month in February on expectations of a recovery of Greek industry.
Economic Sentiment Index increased to 79.4 points in February, according to a IOBE’s report. The index stood at 75.6 points in January 2011 and at 73.3 in December 2010.
The index recorded a 13-month high, as it stood at 81.7 points in January 2010.
Data indicate that the Greek economy is stabilizing and the recovery in the industrial sector is supportive to the reverse of sentiment.
Improved sentiment was recorded in all sector categories, with the exception of the services industry, however the foundation warns that the overall economic sentiment remains vulnerable.
Optimism comes mainly from abroad, focusing on the rise of export orders, which moderate the pressure on domestic market, caused by the reducing of domestic consumption.
Economic Sentiment Index increased to 79.4 points in February, according to a IOBE’s report. The index stood at 75.6 points in January 2011 and at 73.3 in December 2010.
The index recorded a 13-month high, as it stood at 81.7 points in January 2010.
Data indicate that the Greek economy is stabilizing and the recovery in the industrial sector is supportive to the reverse of sentiment.
Improved sentiment was recorded in all sector categories, with the exception of the services industry, however the foundation warns that the overall economic sentiment remains vulnerable.
Optimism comes mainly from abroad, focusing on the rise of export orders, which moderate the pressure on domestic market, caused by the reducing of domestic consumption.
source: CAPITAL
